TLDR
- RedotPay is in talks to raise up to $150M ahead of a US IPO
- Annual payment volume crossed $10B with revenue at $158M
- Company reached unicorn status after 2025 funding rounds
- Senior leadership turnover includes multiple compliance exits
RedotPay is in discussions to raise up to $150 million as it prepares for a potential US public listing. The Hong Kong-based firm is expanding quickly in the stablecoin payments sector. The company recently secured over $150 million in funding across two rounds in late 2025. Existing investors include Coinbase Ventures and Circle Ventures. A spokesperson said the firm has no urgent need for capital due to strong cash flow.
Rapid Growth Supports Fundraising and IPO Plans
RedotPay has recorded strong growth in both revenue and usage. Annualized payment volume exceeded $10 billion in December 2025. Revenue reached $158 million during the same period. The company serves more than six million users across over 100 countries. Its main product combines a digital wallet with a Visa-linked card.
Users can spend stablecoins in everyday transactions and online payments. The platform also offers yield products and remittance services. These features aim to make stablecoins usable for daily financial activity. A spokesperson said growth came from solving key user challenges in payments.
The firm is targeting a valuation above $4 billion through a US IPO. It may pursue the listing as early as this year. “We are always evaluating capital market opportunities,” the spokesperson said. Investor interest in stablecoins has increased in recent years. The total stablecoin market reached about $310 billion in 2025. Transaction volumes also rose during the same period.
Leadership Turnover and Operational Concerns Emerge
Despite strong growth, RedotPay has faced internal changes. At least five senior hires left within a year, according to people familiar with the matter. The compliance chief role changed twice during that period.
The company is also operating without a chief financial officer. Its finance team is currently led by a head of finance and a corporate development lead. The spokesperson said a CFO may be appointed later. Work culture has also drawn attention from former staff. Some employees reported long working hours, often extending to late evenings.
In some cases, schedules resembled the “996” system used in parts of the tech sector. The company responded by stating that leadership now promotes better work-life balance. It also said internal restructuring aims to improve efficiency and collaboration across teams.
China Links and Investor Sensitivities Remain in Focus
RedotPay’s connections to mainland China have raised concerns among some investors. While the company does not serve users in mainland China, some founders have prior ties to the region. Parts of its engineering team previously operated in cities such as Beijing and Shenzhen. That team was later relocated to Hong Kong in 2025.
The move followed concerns raised by US-based investors. The company’s investor base includes firms from both the United States and Asia. Some investments were not publicly disclosed due to regulatory sensitivities. China maintains strict restrictions on cryptocurrency activities.
Hong Kong, however, has taken a different approach by supporting digital asset development. RedotPay has based most of its 250 employees in Hong Kong, with additional staff in Kuala Lumpur. The company continues to expand as it explores funding options and a public listing. It remains open to investors who can offer strategic value, according to its spokesperson.
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